The wonderful world of Disney

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Walt Disney (DIS) is a real good barometer of what is happening in the world wide consumer spending. They are into entertainment, TV, movies, travel and a host of other discretionary consumer spending enterprises. Lately the stock has taken a beating in spite of positive projections from analysts as this Barchart graph of the daily trading prices over the last 9 months shows:

Barchart technical indicators:

1 - A sell signal in a company with positive fundamental projections may signal a bargain

8 - The stock recently traded at 30.01 which is below its 50 day moving average of 33.41

Summary: Disney (DIS) has really taken it on the chin. Analysts look for increased revenues and double digit earnings growth. Disney is diversified in to parks, resorts, cruise lines, movies and broadcasting. My personal belief is that the market has over reacted and wish on this star will pay off in the long run